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I have a buy order in. lets see if it gets filled. its payday and I think this could bag on news.

not much stock now. bit of volume and its 1p. gla

Feeling this is going back up again over 1p tomorrow

Must be my phone. Donuts = as it is not So basically on the presentation there is scope to trade with additional contracts 210kg gold per week. This equates to 7407 oz per week. Assume say $1350 per oz just to make it easier for the numbers and that's $10 million weekly. They make a margin on that between 3 and 5% from memory. So weekly could be looking at $3-500k incoming minus whatever costs. But the point is if the can make up to $7 mill and they have the $3 mill loan facility in place, the $7 mill will not be consumed. It acts as credit to allow the gold trading to take place. But the money is still there. That's my interpretation of where this is going and with additional contracts on the horizon there is certainly a lot of upside here. Was thinking 3-5p myself when trading the 210kg. Possibly 2-2.5p on smaller amounts and sentiment.

In reference to my post. I dont think Wsbn will be at 210kg gold but on the presentation there appears to be a possibility of increasing existing contracts to this level. If 210kg is traded per week, revenues will be circa say $300k on this per week if you are assuming commission at 3%. Some contracts I think are more. My point was the money acts as credit against gold purchased. It doesn't go to money heaven donuts not actually consumed- obviously minus Corp costs etc. So where this will go in the future will be governed by how much gold they can turn over. IE money makes money make more money

yes. There is potential (as per website) to increase the gold traded weekly to circa 210kg which equates roughly to $10 million. So they hopefully can making a weekly margin if indeed they can trade their way to this of between $300-500k per week and that's a lot of cash. The various infor in on the website. Breakeven is under 50kg per week I think from memory. So if the money made goes back into the trading pot, they aren't actually using the money made so cash burn remains low. The money stands as credit against gold purchased so doesn't actually get used up. Hence I'm holding for better times- hopefully next week. T. Winnifrith has mentioned targets up to 2.6p. Lets hope he is right.

cheers draft

from my understanding, the money made will be recycled into the trading pot to deal in more gold. They have a credit facility already which acts against the purchases but I would think either that facility could be increased or the profits made can stand as credit against the gold. Eventually I would foresee $10 million worth of gold traded weekly which would give a healthy return.

not much stock around and news soon. hold tight

don't intend selling any here. the more money wsbn make-the more they will make. its just a waiting game and I kind of know RP isn't a Lenigas type CEO. He will release news when he and its ready- imo

Afternoon all. Still waiting- patiently

Nippon seiki news is the key here. Draft - u mentioned a close period. How do you know this?

I'm still here too. ;-)

ha ha. In a fair few stocks. Wish I had 37 million of these

I have I think 37 shares now so its hard to keep track of them all :-)

moving now but I have no more cash to top up. :-( But its good its going up :-)

good finds Yorkshire-red. I cant see this dropping if gold holds TBH. I can see a good rise with further resource and if gold goes up. Good risk reward here

they are drilling to increase the resource/reserve and have cash so it looks a bit of a no brainer- depending on gold prices obviously. One to keep but likely wont set the pulses racing everyday.

Looking good Yorkshire-red. One to keep looking at production, cashflow and assets. Pretty cheap for all this considering they have cash in the bank too and now are profitable

all. Looking forward to the next few weeks here as potentially could double your money. Overhang has gone IMO so its just waiting for news. gla